STOCKMANN GROUP'S PRELIMINARY SALES IN DECEMBER 2009

STOCKMANN plc Company Announcement 8.1.2010 at 9.00

STOCKMANN GROUP'S PRELIMINARY SALES IN DECEMBER 2009

In December, the Stockmann Group's preliminary sales exclusive of Hobby Hall's discontinued operations abroad amounted to EUR 246.8 million, up 0.5 per cent.

The Department Store Division's sales declined by 3.7 per cent. In Finland, turnover excluding VAT was down 1 per cent; the value added tax on food products was lowered in Finland from 17 per cent to 12 per cent in October. Sales abroad declined by 7.0 per cent due to the [continuing] weak sales in the Baltic market. In the department stores in Russia, the euro-denominated sales increased by 10.6 per cent. In Russia, there is one department store more than in December 2008.

Lindex's sales increased by 12.5 per cent. Sales increased by 11.5 per cent in Finland and by 12.7 per cent abroad. Sales increased in all markets but Latvia.

Seppälä's sales declined by 5.3 per cent. Sales were down 2.5 per cent in Finland and 12.7 per cent abroad. Sales in the Baltic countries continued to be poor.

Hobby Hall's sales in Finland decreased by 8.8 per cent.

The Stockmann Group's preliminary sales in 2009 exclusive of Hobby Hall's discontinued operations abroad amounted to EUR 2 036,0 million, down 8.8 per cent.

The Group's euro-denominated sales during the year were affected by the clearly weaker Russian rouble, Swedish krona and Norwegian krone. Changes in foreign exchange rates weakened the euro-denominated sales especially during the first three quarters.

During the first three quarters of the year there was a strong decline in sales, but during the last quarter the Stockmann Group's sales came close to the previous year's level.

The global economic downturn had the biggest effect on the Baltic retail market. Of all the Stockmann Group's divisions, Lindex was the most positive performer and was able to increase its sales and market share in all the main markets.

The Stockmann Group will publish its final 2009 sales in its financial statement bulletin on 12 February 2010.

Sales figures in December

DecemberJanuary-December
20092008 change20092008 change
EUREURperc.EUREURperc.
mill.mill.09/08mill.mill.09/08
Department Store105.2108.1-2.7791.9868.5-8.8
Division, Finland Department Store 30.3 32.6 -7.0 276.0 350.4 -21.3 Division, international operations Department Store 135.5 140.7 -3.7 1 067.9 1 218.9 -12.4 Division, total
Lindex, Finland9.38.311.580.277.14.1
Lindex,68.761.012.7575.3595.5-3.4
international operations
Lindex, total78.069.312.5655.5672.5-2.5
Hobby Hall, Finland13.414.6-8.8144.3157.4-8.4
Seppälä, Finland14.815.2-2.5114.9121.1-5.1
Seppälä,5.05.8-12.753.361.5-13.4
international operations
Seppälä, total19.921.0-5.3168.2182.6-7.9
Real estate +0.10.15.00.20.8-79.7
others Operations in 142.7 146.3 -2.5 1 131.4 1 224.8 -7.6 Finland, total International 104.0 99.3 4.8 904.5 1 007.4 -10.2 operations, total Stockmann total, 246.8 245.7 0.5 2 036.0 2 232.2 -8.8 continuing operations Discontinuing 0.0 2.3 -100.1 11.6 33.6 -65.3 operations: Hobby Hall, international operations Stockmann total 246.8 248.0 -0.5 2 047.6 2 265.8 -9.6

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION NASDAQ OMX Principal media





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